{"id":1989156,"date":"2023-08-02T19:42:05","date_gmt":"2023-08-02T23:42:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/maryland-beats-new-jersey-and-new-mexico-with-booming-first-month-of-cannabis-sales\/"},"modified":"2023-08-02T19:44:57","modified_gmt":"2023-08-02T23:44:57","slug":"maryland-beats-new-jersey-and-new-mexico-with-booming-first-month-of-cannabis-sales","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/maryland-beats-new-jersey-and-new-mexico-with-booming-first-month-of-cannabis-sales\/","title":{"rendered":"Maryland dominates cannabis sales, outshining New Jersey and New Mexico in first month."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmaryland-beats-new-jersey-and-new-mexico-with-booming-first-month-of-cannabis-sales%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1989156&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Maryland&#8217;s Adult-Use Cannabis Sales \u200dSoar to $84 Million in First Month<\/h2>\n<p>In \u2063a\u2063 groundbreaking achievement,\u2062 Maryland&#8217;s adult-use <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fda-could-regulate-cbd-amid-evidence-of-worrying-health-risks-report\/\" title=\"FDA Could Regulate CBD in the Face Of Worrying Health Risques\">cannabis market<\/a> raked in a staggering $84 million in \u2062sales during its inaugural month. \u200dThis impressive \u200cfigure surpassed\u200c the first-month sales of other states, with New Jersey bringing\u2063 in approximately $24 million and New Mexico generating $22 million.<\/p>\n<h3>Tax Revenue and\u2064 Regulations<\/h3>\n<p>The Maryland Cannabis Administration reported that the state collected $4.61 million in \u200ccannabis sales and use\u200c tax, which stands \u200bat 9%. Notably, this tax \u200drate aligns with the tax imposed on alcoholic\u200d beverage sales.<\/p>\n<h3>Accessible Cannabis for Adults<\/h3>\n<p>Starting from July\u2064 1, a total of 95 licensed cannabis dispensaries across Maryland\u200b began \u200doffering marijuana to adults\u2063 aged\u2063 21 and above, provided they presented \u2064a\u200c valid government-issued photo ID.<\/p>\n<h3>Popular \u200cProducts and Legislative Milestones<\/h3>\n<p>During\u2062 the month of July, flower products, including \u2063bud and pre-rolled\u200d joints, emerged as the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazons-grocery-business-has-become-an-expensive-hobby\/\" title=\"Amazon\u2019s Grocery Business Has Become an \u201cExpensive Hobby\u201d\">top-selling items<\/a> in the cannabis market. \u2062Concentrates, such as vape products, followed closely behind. This\u200c success can be attributed\u200b to \u2063the legalization of recreational\u2063 cannabis, which was approved by Maryland voters in November. Subsequently, Governor Wes Moore (D-MD) \u2063signed \u2064the Cannabis Reform Act into law in May, allowing adults to cultivate up to two plants in\u2064 their homes.<\/p>\n<h3>Positive Impact on Dispensaries<\/h3>\n<p>Darren Weiss, the president of \u200cVerano, a leading multistate cannabis operator,\u2064 expressed his satisfaction\u2062 with the surge \u2063in sales and foot traffic at their \u2064four Zen Leaf \u2064locations in Elkridge, Pasadena, Towson, and Germantown. Weiss noted that \u200cthe increase in sales \u200dwas consistent with their expectations and mirrored the trend\u2064 observed in other states transitioning from medical to \u200cadult-use sales. In response to the growing demand, Zen Leaf Towson relocated to a standalone building \u200bon Joppa Road, \u200dcomplete with a drive-thru and additional registers.<\/p>\n<p>&#8220;As we have \u2062seen in other\u200c states that have launched\u2062 adult-use sales, \u200dwe often find that medical cannabis programs\u2062 continue to flourish for current patients, but \u200dalso \u200cfor new consumers \u2064who\u2062 have experienced relief in \u200bsome form from cannabis and \u2062are interested in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/maryland-beats-new-jersey-and-new-mexico-with-booming-first-month-of-cannabis-sales\/\" title=\"Maryland dominates cannabis sales, outshining New Jersey and New Mexico in first month.\">accessing additional product formats<\/a> and benefits,&#8221; \u200bWeiss explained.\u200b He further expressed pride in providing Marylanders with safe, legal, and high-quality cannabis, while also commending the state&#8217;s positive reception of the \u2062industry.<\/p>\n<p>For more information, <a href=\"https:\/\/www.washingtonexaminer.com\">click here<\/a> to read the full article from The Washington Examiner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maryland&#8217;s recreational cannabis sales generated $84 million in the first month, surpassing New Jersey&#8217;s $24 million and New Mexico&#8217;s $22 million. The 9% cannabis sales and use tax collected by the Maryland Cannabis Administration contributed to this record-breaking figure.<\/p>\n","protected":false},"author":1,"featured_media":1989157,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1989156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1989156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1989156"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1989156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1989157"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1989156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1989156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1989156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}